Thomas Cook India Q4 FY26 Earnings Call Transcript

Thomas Cook India reported a 10% YoY revenue decline in Q4 FY26 to INR 17,707 million, impacted by geopolitical disruptions in key travel markets.
The company announced a strategic demerger of its Sterling Holiday Resorts business to unlock shareholder value and streamline its core travel and financial services focus.
Financial Services showed resilience with a 17% EBIT growth in Q4, while Travel segment EBIT fell 11% for FY26 due to Middle East and airspace disruptions.
Sterling Holidays reported record Q4 performance with 14% revenue growth and a debt-free balance sheet, while DEI's Middle East operations were severely impacted by war.